Tax Cuts and Jobs Act Impact - Guide to Choice of Entity (U.S.)
With this authoritative guide you will gain a more solid understanding of the tax implications of choice of entity.
Author: Robert Jamison
Discusses the factors involved in choosing a form of business entity. The options available include being taxed as a C Corporation, where the entity is responsible for paying taxes, or being taxed as a passthrough entity, where the individual owner of the entity is responsible for paying the tax. With this authoritative guide you will gain a more solid understanding of the tax implications of choice of entity, the advantages and disadvantages of changing entities and the factors to consider before making that decision.
This guide will cover the changes impacting choice of entity, such as:
- The dramatic reduction of the corporate tax rate to 21%
- The elimination of the corporate alternative minimum tax (AMT)
- New deduction for pass‐through qualified business income in certain cases
- Double‐taxation of C Corporation profits
April 30, 2018